XML 48 R31.htm IDEA: XBRL DOCUMENT v3.21.2
Segment, Geographic and Product Information
9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Segment, Geographic and Product Information Segment, Geographic and Product Information
Segment Information
The Company currently operates its business in one reportable segment, by providing brokerage services to the financial markets, integrated Voice, Hybrid and Fully Electronic brokerage in a broad range of products, including fixed income (Rates and Credit), FX, Equity derivatives and cash equities, Insurance, Energy and commodities, and futures. It also provides a wide range of services, including trade execution, brokerage, clearing, trade compression, post-trade, information, consulting, and other back-office services to a broad range of financial and non-financial institutions.
Geographic Information
The Company offers products and services in the U.K., U.S., Asia (including Australia), Other Europe, MEA, France, and Other Americas. Information regarding revenues is as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
Revenues:
U.K.$193,704 $192,271 $646,496 $657,367 
U.S.120,161 113,551 393,480 402,944 
Asia75,049 75,892 233,416 240,080 
Other Europe/MEA47,282 36,275 156,053 149,420 
France22,159 23,905 77,439 84,126 
Other Americas15,392 13,148 46,889 43,398 
Total revenues$473,747 $455,042 $1,553,773 $1,577,335 
Information regarding long-lived assets (defined as loans, forgivable loans and other receivables from employees and partners, net; fixed assets, net; ROU assets; certain other investments; goodwill; other intangible assets, net of accumulated amortization; and rent and other deposits) in the geographic areas is as follows (in thousands):
September 30,
2021
December 31, 2020
Long-lived assets:
U.S.$771,888 $768,324 
U.K.476,554 655,906 
Asia98,323 119,619 
Other Europe/MEA69,292 66,487 
France18,194 28,518 
Other Americas15,268 18,236 
Total long-lived assets1
$1,449,519 $1,657,090 
__________________________
1.Excludes $145.6 million of long-lived assets classified as Assets held for sale, as well as $7.3 million of operating lease ROU assets classified as Assets held for sale as of September 30, 2021.
Product Information
The Company’s business is based on the products and services provided and reflect the manner in which financial information is evaluated by management.
The Company specializes in the brokerage of a broad range of products, including fixed income (Rates and Credit), FX, Equity derivatives and cash equities, Insurance, Energy and commodities, and futures. It also provides a wide range of services, including trade execution, broker-dealer services, clearing, trade compression, post-trade, information, consulting, and other back-office services to a broad range of financial and non-financial institutions.
Product information regarding revenues is as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
Revenues:
Rates$128,508 $119,325 $426,775 $419,599 
Credit58,983 68,053 221,639 261,022 
FX72,976 73,281 229,216 242,040 
Energy and commodities74,328 65,871 224,931 220,935 
Equity derivatives and cash equities54,715 47,410 186,002 190,984 
Insurance51,503 43,269 158,198 133,888 
Total brokerage revenues$441,013 $417,209 $1,446,761 $1,468,468 
All other revenues32,734 37,833 107,012 108,867 
Total revenues$473,747 $455,042 $1,553,773 $1,577,335